CO-OP and Leverage Renew Partnership to Service Credit Unions

by PaymentsJournal 0

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New Five-Year Agreement Extends Relationship Dating Back to 2008

RANCHO CUCAMONGA, Calif. (February 16, 2016) – CO-OP Financial Services has renewed its long-standing partnership with LEVERAGE, the service arm of the League of Southeastern Credit Unions & Affiliates (LSCU), which will offer select CO-OP products and services to credit unions.

Under the new five-year agreement, CO-OP products to be represented by LEVERAGE include CO-OP ATM, the company’s surcharge-free network of 30,000 ATMs nationwide; signature and PIN debit transaction processing; ATM terminal driving (control and management); and other services.

“We have worked closely with CO-OP since 2008 to offer credit unions a comprehensive set of products to ensure convenience for the member and operational efficiency for the institution,” said Patrick La Pine, President/CEO, LEVERAGE. “Partnering with CO-OP enables us to continue offering best-in-class products and services to our credit unions in Alabama and Florida, as well as the rest of the country.”

“LEVERAGE is the go-to resource for equipping credit unions not only in Alabama and Florida, but throughout the country with the tools needed to succeed,” said Stan Hollen, President/CEO, CO-OP. “We look forward to working with LEVERAGE for many more years so that their credit unions remain the very best financial services option.”

LEVERAGE is among 45 CO-OP business partners, including service organizations, leagues and core processors, which endorse or resell CO-OP products and services. These products include CO-OP ATM, CO-OP Shared Branching, transaction processing services, on-line bill pay and mobile/virtual products. During 2015, CO-OP set a new record for EFT and shared branching transactions processed, with the total reaching 3.2 billion for the year.

About LEVERGE

LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions, is the business services provider that leverages credit union system resources, relationships, and industry knowledge for optimal performance and sustained growth of its clients and business partners. LEVERAGE offers credit unions best-in-class products and services that result in reducing costs, maximizing results, and making the most difference. For more information, visit myleverage.com or follow LEVERAGE on LinkedIn.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation’s largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of “Be There. Be More,” CO-OP’s products fall into three business lines, including “Locations,” (ATM, shared branching and call center services); “Card Payments” (debit and credit processing) and “Mobile/Virtual” (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org.